Quality Appraisal Reviews with Saxton Appraisals, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's guidelines, look no further than Saxton Appraisals, Inc..
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Saxton Appraisals, Inc. today.
According to the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is acquired guarantees independence and quality." Moreover, they "should denote whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks reinforce routine reviews with post-funding evaluations of appraisal quality for any of their higher-risk or higher-value transactions as a means to aid in uncovering valuation dilemmas."
In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Saxton Appraisals, Inc., we're skilled in every type of appraisal review, review procedure and the responsibilities of review appraisers.
We understand what makes a quality appraisal and what the most prevalent defects are, particularly in our real estate market. The professionals at Saxton Appraisals, Inc. are also sufficiently experienced to acknowledge that the competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to lawfully examine appraisal reports completed by others. And those others may be examining our work, too!
In short, at Saxton Appraisals, Inc., you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Saxton Appraisals, Inc. to learn more about our qualifications, expertise and services offered.